NV: Las Vegas Real Estate Market Showed Signs of Life in February

Las Vegas Real EstateMonthly sales of new and resale homes in the Las Vegas area reached their highest level in six years in February with new home sales finally showing some signs of life, rising to their highest level in four years, according to the latest data released from DataQuick.

A total of 4,240 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area in February. Sales were 5.0 percent higher than the 4,038 homes sold in January and were 8.9 percent higher than in February of 2011.

Home sales in the region typically increase 5.6 percent between January and February and were 11.5 percent higher than the average number of homes typically sold during the month.

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